PricewaterhouseCoopers Australia named a new chief executive officer and said it will sell its scandal-hit government consultant unit as the embattled firm seeks to claw back confidence in the wake of a tax scandal.
Greeks head to the polls on Sunday for the second time in just over a month to decide who’ll govern the country for the next four years, with former Prime Minister Kyriakos Mitsotakis the most likely winner, based on May’s vote outcome.
Zimbabwe President Emmerson Mnangagwa launched his party’s election campaign, seeking a second term running a nation struggling with high inflation and a plunging currency.
The unprecedented cycle of global interest-rate increases is entering its most challenging stretch as inflation threatens to become entrenched, according to the Bank for International Settlements.
Prime Minister Rishi Sunak said he fully supports the Bank of England, days after a larger-than-expected rate increase by the central bank sent new shockwaves through the UK economy.
American pop idol Taylor Swift added three more nights to her Singapore tour early next year, matching British rockers Coldplay who are set to perform six shows in January.
(Bloomberg) — Recession alarms are ringing around Europe’s bond markets, replacing the previous panic over inflation as investors come to terms with the threat to economic growth of increasingly tight monetary policy.
Stock market predictions are hard to make and so it has proved in the first half of the year: Almost no one foresaw an artificial intelligence-fueled $5 trillion bounce in tech, nor a banking crisis.
Fresh inflation readouts this week will probably feed into expectations of further policy tightening by Federal Reserve and European Central Bank officials who are already tilting toward raising interest rates.
Hong Kong’s government is considering marginally relaxing mortgage loan-to-value ratios for some residential property purchases, the city’s finance chief said.
